International
AmTrust Allies With Israeli Tech Startups to Modernize Customer, Agent Processes
AmTrust Financial Services, which is in a bid to take itself private, is linking up with a number of Israeli technology startups to help modernize its customer and agent interactions. The New ...
French Dairy Company Scandal Over Contaminated Baby Milk Goes Global; Multiple Lawsuits Likely
French dairy group Lactalis could have been producing salmonella-tainted baby milk since 2005, its chief executive was quoted as saying on Thursday, adding the growing crisis was likely to cost the ...
Chubb, XL Catlin Among Large Carriers Now Offering Cover for Cryptocurrency Theft
Major global insurers are starting to offer protection against cryptocurrency theft, willing to tackle daunting challenges it brings rather than miss out on this volatile and loosely regulated, but ...
Disruption Survival Guide: Why Insurers Need to Craft Broader Business Definitions
How companies define their businesses can help determine their long-term success and even survival. Turn-of-the-previous-century buggy whip and bicycle manufacturers are often cited as examples of ...
SkyWatch, a Drone Data Risk Analysis Startup, Raises $2M With Insurance Industry Support
SkyWatch, a startup focused on analyzing data and risk for the drone industry, has reeled in $2 million in seed funding from a number of investors including insurance industry vets. The company plans ...
UK InsurTech Startup Inzura Raises $1M to Fuel Machine Learning/AI Growth Plans
Inzura, the London-headquartered InsurTech startup, announced the completion of its first major funding round, raising $1 million to pursue what it said will be ambitious growth plans. Investors ...
China P/C Insurers Reportedly See 2017 Operating Cash Flow Turn Negative Amid Crackdown
China's insurance firms saw their net operating cash flow slump 65 percent last year, a source said citing data in a government memo, underscoring the challenges facing the sector as it reels from a ...
Industry Needs to Join InsurTech Wave to Digitize Insurance: AFL’s Esser
There is a fundamental need for reform and modernization, particularly in the London market. We should be electronically processing all lines of business, not just specialty classes. Of course, we ...